Autonomous Community of Andalucia
Sevilla, Spain| Invested through |
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|---|---|
| Asset Classes | Impact bonds |
| Impact strategy | Impact Equities and Bonds |
| ISIN code | ES0000090912 |
| Aligned with SDGs |
Junta de Andalucia operates as the Andalucia Autonomous Government of Spain. The Junta is an autonomous community organisation, comprising 14 departments, seven independent bodies, and 210,000 public employees. Junta de Andalucia is responsible for the economic growth of Andalucia, which is primarily comprised of agriculture and services sectors.
Investment rationale
Overall, the framework aims to tackle social and environmental challenges of the regions. The issuance is predominantly focused on social aspects. Around 75% of the proceeds goes into Access to essential services, which include both education (25%) and healthcare (50%).
The social aspect includes programs facilitate the access to education, decrease dropout rates, provide healthy canteens at schools, and early childhood education for work-family conciliation and women's access to the labor market. Children rights in protection and healthcare are implemented. Projects in this category will have long-term impact on promoting social development of next generation and universal access to essential services for the entire population, particularly for vulnerable groups. On the environmental side, contributions are mainly in mobility.
In total 100% of the proceeds of the impact bond is aligned with one or more Triodos transitions. 75% of revenues is aligned with the Well-being transition, 21% with the Societal transition, 3% with the Energy transition and 1% of revenues with the Resource transition.